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Principal Spectrum Preferred Securities Active ETF
PREF

104 hedge funds and large institutions have $816M invested in Principal Spectrum Preferred Securities Active ETF in 2024 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 50 increasing their positions, 24 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

375% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 4

108% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 24

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

13% more funds holding

Funds holding: 92 → 104 (+12)

11% more capital invested

Capital invested by funds: $732M → $816M (+$83.4M)

1.21% more ownership

Funds ownership: 75.83% → 77.04% (+1.2%)

Holders
104
Holders Change
+12
Holders Change %
+13.04%
% of All Funds
1.37%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
19
Increased
50
Reduced
24
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$22.3M
2
Bank of America
Bank of America
North Carolina
+$16.9M
3
Morgan Stanley
Morgan Stanley
New York
+$15M
4
B
Bensler
Washington
+$8.16M
5
PAG
Private Advisor Group
New Jersey
+$4.6M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$36M
2
PCA
Pallas Capital Advisors
Massachusetts
-$5.26M
3
Truist Financial
Truist Financial
North Carolina
-$1.16M
4
SRC
Sage Rhino Capital
California
-$867K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$701K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$166M +$16.9M +901,584 +11%
UBS Group
2
UBS Group
Switzerland
$124M +$2.52M +134,418 +2%
Morgan Stanley
3
Morgan Stanley
New York
$113M +$15M +801,332 +15%
Wells Fargo
4
Wells Fargo
California
$56.8M -$36M -1,925,452 -39%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$54.6M +$22.3M +1,192,126 +68%
IA
6
IFC Advisors
California
$44M +$44.2M +2,362,552 New
LPL Financial
7
LPL Financial
California
$33.4M +$2.62M +139,763 +8%
Raymond James Financial
8
Raymond James Financial
Florida
$32.8M +$32.9M +1,760,105 New
Wealth Enhancement Advisory Services
9
Wealth Enhancement Advisory Services
Minnesota
$21.8M +$549K +29,355 +3%
BEI
10
Benjamin Edwards Inc
Missouri
$14.3M +$417K +22,276 +3%
TWP
11
Tyche Wealth Partners
Texas
$11.1M -$168K -8,967 -1%
CAAM
12
Cornerstone Advisors Asset Management
Pennsylvania
$8.34M +$535K +28,579 +7%
B
13
Bensler
Washington
$8.12M +$8.16M +436,330 New
BFG
14
Berger Financial Group
Minnesota
$6.64M +$584K +31,225 +10%
Mariner
15
Mariner
Kansas
$6.62M +$382K +20,437 +6%
RL
16
Rogco LP
Oklahoma
$6.54M +$3.74K +200 +0.1%
PAG
17
Private Advisor Group
New Jersey
$6.47M +$4.6M +245,698 +240%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$5.64M -$94.6K -5,053 -2%
Baird Financial Group
19
Baird Financial Group
Wisconsin
$5.6M -$29.8K -1,593 -0.5%
FZCM
20
Flynn Zito Capital Management
New York
$5.48M -$142K -7,562 -3%
PS
21
Principal Securities
Iowa
$4.08M -$3.31K -177 -0.1%
Envestnet Asset Management
22
Envestnet Asset Management
Illinois
$4.07M -$701K -37,458 -15%
PA
23
PSI Advisors
Florida
$4.05M +$51K +2,723 +1%
Principal Financial Group
24
Principal Financial Group
Iowa
$3.65M +$1.58M +84,454 +76%
MIA
25
MainStreet Investment Advisors
Illinois
$2.66M +$633K +33,809 +31%
1
2 3 4 5

PREF Hedge Fund Activity: Q4 2024 in Review

104 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q4 2024, worth a combined $816M — up 11% from $732M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new PREF positions and 4 closed out — a net gain of 15 holders — while 50 added to existing stakes and 24 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $22.3M. The largest seller was Wells Fargo, cutting an estimated $36M.

  • 104 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q4 2024, up from 92 in Q3 2024.
  • Funds reported $816M of Principal Spectrum Preferred Securities Active ETF stock for Q4 2024, up 11% quarter-over-quarter.
  • 19 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q4 2024 and 4 closed out, a net change of +15 holders.
  • The largest Principal Spectrum Preferred Securities Active ETF buyer in Q4 2024 was Royal Bank of Canada, an estimated $22.3M added.
  • The largest Principal Spectrum Preferred Securities Active ETF seller in Q4 2024 was Wells Fargo, an estimated $36M sold.

Based on aggregated 13F filings for Q4 2024.